Closing a company should be as clean as opening one. SKM manages your liquidation end to end — the final liquidation audit, creditor and authority clearances, and FTA deregistration — coordinating the licensed liquidator the law requires, so your licence is cancelled properly and you walk away with no loose ends behind you.
A UAE company does not disappear when you stop operating. Until it is formally liquidated and deregistered, the licence, the tax registrations and the obligations stay live — and so do the penalties. SKM manages the full closure as chartered accountants: the final liquidation audit, the clearances, the FTA side, and the licensed-liquidator step the law requires — so the company is properly wound up and the file is closed clean.
SKM is a firm of chartered accountants in Dubai since 2006 and an approved auditor, with Big Four experience at KPMG, Deloitte and EY. Liquidation is, at its core, a financial and compliance exercise — the final audit, the creditor settlement, the tax close-out — and that is exactly the work we do. (Registered as an approved auditor across most UAE free zones.)
From the first board resolution to the final certificate of deregistration, here is the work we manage for you.
The closure route depends on where the company is licensed and how it is structured. We handle each one and confirm the exact path once we know your set-up.
Send us the licence type, the emirate or free zone, and whether you have any open VAT or Corporate Tax registrations. We will tell you the closure path, the documents needed and a clear scope — then quote.
A clear, managed sequence so you always know where the closure stands.
There is no flat rate for a liquidation. The fee follows the scope: the entity type, where it is licensed, whether there are open VAT or Corporate Tax registrations, the state of the books, and whether a licensed liquidator must be appointed.
We scope the closure first, then quote a clear, fixed fee up front — transparent, and reasonable for the work involved. You send us a few details about the company; we tell you the path and the cost, with no obligation.
The detail that catches most owners out. None of it changes our job — it is just useful to understand going in.
An inactive company still has a live licence and live tax registrations. Until it is formally liquidated and deregistered, renewal obligations and FTA deadlines keep running — and penalties accrue whether you trade or not.
VAT deregistration must be applied for within 20 business days of the triggering event; late application carries a penalty of AED 1,000 for the first month and AED 1,000 per month after, capped at AED 10,000. Corporate Tax deregistration and the final return are due within three months of cessation. We keep both on time.
LLCs, partnerships and joint-stock companies require a licensed liquidator by law. Sole establishments and civil companies usually follow a simpler cancellation. We confirm which applies and coordinate the appointment where it is needed.
Dubai allows a licence to be frozen for up to three years (with a MOHRE letter confirming no sponsored staff) as an alternative to closing — but it cannot be extended beyond that, and the obligations resume. We can talk you through whether freezing or full closure fits your plans.
Tell us about the company — we will map the path and quote a clear, fixed fee.